PM hosts USABC, US corporation leaders in Hanoi

VOV.VN - Prime Minister Pham Minh Chinh on December 5 received Michael Michalak, regional managing director and senior vice president at the US-ASEAN Business Council (USABC), and representatives of leading US corporations of Boeing, Lockheed Martin, Bell and Raytheon.

Chinh thanked the US and corporations for their support and cooperation with their Vietnamese counterparts over the years, contributing to the development of Vietnam in general and the Vietnam - US relations in particular.

He highlighted Vietnam’s resolve to build a fair, transparent and stable business environment, and reduce input costs for businesses and investors in the spirit of mutual benefits and shared risks by all parties.

The PM briefed his guests on the country’s post-pandemic economic recovery efforts and affirmed Vietnam always attaches great importance to the Comprehensive Partnership with the US.

He said economic and trade cooperation is a bright spot in the relationship between the two countries, noting the US is currently Vietnam’s top economic partner, with two-way trade turnover over the past 11 months rising 18% year on year to more than US$105 billion.

He suggested that the USABC and US corporations increase investment in the fields of high technology, digital transformation, green transformation, climate change adaptation, aviation industry, and cyber security in Vietnam.

The PM acknowledged US corporations’ proposals to increase cooperation in the fields of trade, defense industry, and security, and said Vietnam is willing to strengthen cooperation in various fields, for mutual benefits, contributing to peace, cooperation, stability, development and prosperity in the region and the wider world.

Michael Michalak and leaders of visiting US corporations praised Vietnam for post-pandemic rapid economic recovery, with its GDP rate topping Southeast Asia in the third quarter of 2022. In addition, Vietnam is also effectively attracting new investment flows and taking advantage of the trend of the supply chain shifting globally.

They expressed their desire to strengthen cooperation with Vietnam in the fields of trade, defense industry, security, aviation, education - training, and human resource development.

Michalak took the occasion to highly appreciate Vietnam’s initiative to organize the 2022 international defense exhibition (Vietnam defense expo 2022).

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